The technique called input-output analysis relies heavily on
A. a mathematical framework that includes details for each product.
B. a model that incorporates the interdependence of the economies industries.
C. large amounts of production data.
D. All of these responses are correct.
Answer: D
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When the economy enters an expansion of a business cycle, households become more optimistic about expected future disposable income. The increase in optimism leads to
A) a shift upward of the consumption function. B) a movement downward along the consumption function. C) no change in the level of consumption expenditures. D) an increase in consumption expenditures. E) a movement upward along the consumption function.
U.S. dollar deposits in foreign banks outside the U.S. or in foreign branches of U.S. banks are called
A) Atlantic dollars. B) Eurodollars. C) foreign dollars. D) outside dollars.
_____ refers to the situation faced by an insurance plan whose costs steadily increase as worse risks migrate toward it and better risks migrate away
a. Adverse selection b. Lemons problem c. Moral hazard d. Death spiral
A demand-pull inflation consists of ________ shifts in the AD curve and ________ shifts in the AS curve
A) right; no B) leftward; leftward C) leftward; rightward D) rightward; leftward E) rightward; rightward